Stock Market Live: BSE Sensex fell 274 points or 0.30% to 72,881 and Nifty 50 declined 73 points or 0.30% to 22,139 in morning trade at 9:55 am on Monday, February 26. Nifty Bank fell 195 points to 46,615 and Nifty Midcap 100 gained marginally by 41 points to 49,320. Shares of Paytm hit back to back upper circuits. Current market price of Paytm shares on BSE is Rs 427.95 apiece with intraday gain of 4.99%.
The top losers from the pack of Sensex are HCL Tech, Asian Paints, Wipro, and Bajaj Finance. Meanwhile, top gainers from Sensex include Larsen, JSW Steel, Power Grid Corp, and M&M shares.
Earlier, trends in the GIFT Nifty pointed to a flat to negative beginning for the broader index in India today, with a decline of 19 points or 0.09%. The Nifty futures were trading around the 22,230 level.
The S&P 500 surged 1.77 points, or 0.03%, to end at 5,088.8 points, while the Nasdaq Composite, fell 44.80 points, or 0.28%, to 15,996.82. The Dow Jones Industrial Average gained 62.42 points, or 0.16%, to 39,131.53.
Asian shares took a breather near seven-month highs on Monday as investors awaited inflation data from the United States, Japan and Europe that will assist refine hopes for future rate moves.
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Feb 26, 2024, 3:50 pm IST
MoUs are signed by ITI with Niral Networks, Lekha Wireless, and InstaICT Solution
ITI has inked Memorandums of Understanding (MoUs) with Lekha Wireless, Niral Networks, and InstaICT Solution to establish and oversee the complete Private 5G ecosystem for enterprises. This collaboration aims to strategize, design, deploy, execute, and administer the entire infrastructure. By joining forces with these key partners, ITI intends to provide comprehensive solutions for enterprises seeking to adopt Private 5G networks. This initiative underscores ITI's commitment to facilitating seamless integration and management of cutting-edge technology solutions, catering to the evolving needs of businesses in the digital era.
Feb 26, 2024, 3:49 pm IST
MoUs are signed by ITI with Niral Networks, Lekha Wireless, and InstaICT Solution.
ITI has inked Memorandums of Understanding (MoUs) with Lekha Wireless, Niral Networks, and InstaICT Solution to establish and oversee the complete Private 5G ecosystem for enterprises. This collaboration aims to strategize, design, deploy, execute, and administer the entire infrastructure. By joining forces with these key partners, ITI intends to provide comprehensive solutions for enterprises seeking to adopt Private 5G networks. This initiative underscores ITI's commitment to facilitating seamless integration and management of cutting-edge technology solutions, catering to the evolving needs of businesses in the digital era.
Feb 26, 2024, 2:14 pm IST
Due to an error, Vedanta's 4 million bond's interest payment was handled slowly: Report
According to people who spoke with Bloomberg, Vedanta's 4 million bond's interest payment was handled slowly because of an error.
Feb 26, 2024, 2:06 pm IST
D B Realty Allocates Shares For ESOP Plans
The Nomination & Remuneration Committee of the Board of Directors of D B Realty Limited through a circular resolution passed today, has allotted 5,52,299 nos. of equity shares of the face value of Rs. 10/- each upon the exercise of vested options by the eligible employees of the Company/Subsidiary Company/Group Companies, including Associate Companies under D B Realty Limited Employee Stock Option Plan 2022. Consequent to the above allotment, the existing paid-up equity share capital of the Company has increased from Rs. 501,57,04,040/- to Rs. 502,12,27,030/-.
Feb 26, 2024, 1:39 pm IST
OIL Inked A Tripartite MOU With NCS, CES & HS In Arunachal Pradesh
Oil India Limited (OIL), National Center for Seismology (NCS) under the aegis of Ministry of Earth Sciences, and Centre for Earth Sciences and Himalayan Studies (CES & HS), Govt. of Arunachal Pradesh inked a tripartite MOU on 25th February 2024 at Itanagar, Arunachal Pradesh to pursue applied earth science related studies in India with a focus on Arunachal Pradesh and the
Northeast Region. The MoU puts in place a formal framework for fostering collaboration in the field of applied seismo-geophysical & geological research, in the field of exploration & exploitation of Geothermal Energy and other aspects of earth sciences studies for driving innovation and excellence.
Feb 26, 2024, 1:19 pm IST
Maharashtra Corporation Limited Informs Full-Payment For Commercial Projects In Ahmedabad and Naranpura
The plots, totaling 2140 sq yards, have been acquired at the consideration of about Rs. Rs. 45.16 Crores. Post development of the project, the Company expects a revenue of about Rs. 120.00 Crores from the sale of the project. The forthcoming project enjoys a prime commercial location in the city, boasting a direct overlook of a 120-foot-wide road, and a short distance from the Sardar Vallabhai Patel Stadium in Ahmedabad. The city's strategic location and conducive business environment have attracted both investors and homebuyers, thereby fostering the rapid expansion of its real estate sector. As of the fiscal year 2023-24, Ahmedabad boasts a total of 24.46 lakh properties, comprising 18.30 lakh residential properties and 6.16 lakh commercial properties.
Feb 26, 2024, 12:56 pm IST
TVS HLX Marks A Decade of International Market Sales
TVS Motors Ltd. today announced that its best-selling, TVS HLX line of two-wheelers, has crossed the milestone of 3.5 MN customers in international markets. The company expressed its gratitude to customers by launching the TVS HLX 150F new offering with a powerful yet efficient eco-thrust engine, added safety features, superior suspension, and better styling courtesy of new graphics and exciting colors. Rahul Nayak, Vice President, International Business, at TVS Motor Company, said,
“TVS HLX has become an article of faith, an everyday companion of 3.5 million customers. We launched it in 2013 and within six years, it had a million customers. In the next four years, including the tough period of the pandemic, it more than doubled its customer base. We couldn’t have been happier. We express our deepest gratitude to our customers, business partners, employees, and all the stakeholders for their confidence in TVSM’s engineering, quality, and service standards. We are celebrating the milestone by launching the TVS HLX 150F – a product shaped by some very specific insights provided by our customers.”
Feb 26, 2024, 12:34 pm IST
Cambridge University Appoint Veranda Learning as Associate Partner in India
International Education at Cambridge University Press and Assessment appointed Veranda Learning as an associate partner in India. This partnership aims to add 500 new schools to Cambridge’s school community in India, with a focus on tier 2 and tier 3 cities. These schools will be managed and supported by Veranda Learning as a Cambridge Associate Partner. Mr. Suresh Kalpathi, Executive Director, and Chairman of Veranda Learning, expressed optimism about the venture, saying, “Our role as an Associate Partner for Cambridge in India is a testament to our commitment to empowering schools with cutting-edge education solutions. Through our brand Veranda K-12, we have successfully serviced BVM Global Schools, a network of six schools across Chennai, Coimbatore, Trichy, and Bengaluru, serving over 5000 active students. This partnership with Cambridge further strengthens our dedication to empowering schools with top-notch education on a broader scale”.
Feb 26, 2024, 12:12 pm IST
Dixon Tech Hits All-Time High Stock Value Following Compal Smart Contract
On February 26, Dixon Technologies (India) witnessed a historic surge in its shares, reaching an unprecedented high of Rs 7,048 per share, marking a 2.6% increase. This surge comes in the wake of the company's recent contract signing with Compal Smart for mobile phone manufacturing. As of 10:15 am, Dixon Tech shares continued to trade higher on the NSE, registering a 1.75% increase and reaching Rs 6,988 apiece.
Feb 26, 2024, 11:43 am IST
Biocon Issues Million Corporate Guarantee For Biocon Generics Inc
Biocon, the leading biopharmaceutical company, has issued a corporate guarantee amounting to million in support of Mizuho Bank. This guarantee is aimed at securing a term loan facility of million that has been extended to Biocon Generics Inc, the company's step-down subsidiary, by Mizuho Bank. The corporate guarantee, valid for a duration of 5 years, reinforces the financial backing for Biocon Generics Inc in its strategic initiatives.
Feb 26, 2024, 11:28 am IST
Medplus Health Services Witnesses 3% Gain Amidst Store Suspension Directive
Despite a suspension order issued by the Drugs and Control Authorities of Mahabubnagar, Telangana, to one of its subsidiaries, Medplus Health Services saw a 3% increase in its shares during early trading on February 26. The Assistant Director of Drugs Control Administration, Mahabubnagar, Telangana, temporarily suspended the drug license for a store in Wanaparthy, Mahabubnagar, for a period of nine days. The company acknowledged receipt of the directive on February 23, anticipating a potential revenue loss of Rs 1.63 lakh.
Feb 26, 2024, 11:05 am IST
L&T Secures Maiden EPC Railway Systems Project In ASEAN
Larsen & Toubro's construction arm has achieved a significant milestone by clinching its inaugural EPC Railway Systems order in the ASEAN (All South Eastern Asian Nations) region. The company will undertake the construction of the Jakarta Mass Rapid Transit (MRT) Project Phase 2A in collaboration with its established Japanese partner, Sojitz Corporation, as outlined in an official exchange filing.
Feb 26, 2024, 10:46 am IST
Paytm Shares Hit Upper Circuit On RBI's New Directions To NPCI
Paytm's shares witnessed a 5% surge on Monday as the Reserve Bank of India (RBI) directed the National Payments Corporation of India (NPCI) to evaluate Paytm's plea to become a third-party application provider for unified payments interface (UPI) transactions. The development comes amid a series of challenges faced by One 97 Communications, the parent company of Paytm, including a recent directive from the central bank.
Feb 26, 2024, 10:22 am IST
Transformers & Rectifiers Secures Rs 232 Crore Orders From Power Grid
Transformers and Rectifiers (India) recently secured orders valued at Rs 232 crore from Power Grid Corporation of India. The orders entail the supply of 5 units of 500 MVA, 400/220/33kV, 3-Phase Isolated Phase Bus Ducts (ICT), and an additional 5 units of 500 MVA, 400/220/33kV, 3-phase auto transformers.
Feb 26, 2024, 9:57 am IST
Bonus Issue Today: Grauer & Weil Shares Hit 52-Week High, Up 14.81% In 7-Days
Small cap company operating in diversified sector, Grauer & Weil (India) Ltd shares today hit fresh 52-week high as Board of Directors are scheduled to hold meeting today to consider issuance of bonus shares. The company earlier declared Re 0.80 per share dividend in 2023 and shares traded ex-dividend on August 4, 2023. Last trading price of Grauer & Weil shares on BSE is Rs 199.40 apiece with intraday gain of 2.55%. Grauer & Weil stock jumped 67% in last 3-months and soared 110% in last 1-year.
Feb 26, 2024, 9:23 am IST
Rupee Falls 0.54 Paise Against US Dollar In Early Trade
Indian rupee witnessed decline of 0.54 paise against US dollar in early morning trade on Monday.
Feb 26, 2024, 7:44 am IST
Multibagger PSU Canara Bank Likely To Declare Stock Split, Shares To Be In Focus
Public sector lender, Canara Bank shares will be in focus today after it announced decision to conduct stock split on February 26, 2024. Last trading price of Canara Bank shares on BSE is Rs 580.00 apiece with intraday fall of 0.40%. The PSU stock gained 74% in last 6-months and offered multibagger returns of 153% in last 2-years. The bank has a market capitalisation of Rs 1,05,219.5 crore.
Feb 26, 2024, 7:40 am IST
GE Power Shares To Be In Focus Today After Winning Order From Tata Power
Small cap company from the power sector stock, GE Power India Ltd shares witnessed stunning rally of 198% in less than 11 months. The stock was priced Rs 99.2 apiece on March 31 and today (Feb 25, 2024) the stock price is quoted at Rs 295.55 apiece. In the latest development and yet another achievement for the company, it has received a purchase order from Tata Power Company Ltd on February 25, 2024. The time period by which the order needs to completed is 55 days. The size of the order is 6.75 crores (plus GST 18%).
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